Upland Software (NASDAQ:UPLD) had its price objective raised by Canaccord Genuity from $35.00 to $38.00 in a research note released on Friday morning. They currently have a buy rating on the software maker’s stock.
Other equities research analysts also recently issued reports about the stock. ValuEngine upgraded shares of Upland Software from a hold rating to a buy rating in a report on Wednesday, May 2nd. BidaskClub downgraded shares of Upland Software from a strong-buy rating to a buy rating in a report on Saturday, April 21st. Needham & Company LLC restated a buy rating and issued a $34.00 target price on shares of Upland Software in a report on Friday, March 23rd. Craig Hallum boosted their target price on shares of Upland Software from $32.00 to $36.00 and gave the company a buy rating in a report on Friday, March 23rd. Finally, SunTrust Banks boosted their target price on shares of Upland Software to $36.00 and gave the company a buy rating in a report on Friday, March 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $35.00.
Shares of Upland Software opened at $34.37 on Friday, according to MarketBeat.com. The stock has a market cap of $740.09 million, a PE ratio of 41.41, a PEG ratio of 1.82 and a beta of 0.46. Upland Software has a 12 month low of $18.52 and a 12 month high of $36.88. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.63.
Upland Software (NASDAQ:UPLD) last issued its quarterly earnings results on Wednesday, May 9th. The software maker reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. The business had revenue of $31.62 million during the quarter, compared to the consensus estimate of $30.05 million. Upland Software had a negative net margin of 14.95% and a positive return on equity of 9.06%. The company’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. research analysts predict that Upland Software will post 0.97 earnings per share for the current fiscal year.
In other Upland Software news, CEO John T. Mcdonald sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $27.72, for a total transaction of $1,108,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David May sold 35,021 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $35.21, for a total transaction of $1,233,089.41. Following the sale, the director now owns 128,479 shares of the company’s stock, valued at $4,523,745.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 115,021 shares of company stock valued at $3,754,689. 14.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp grew its stake in Upland Software by 16.1% during the fourth quarter. Mackenzie Financial Corp now owns 31,815 shares of the software maker’s stock worth $689,000 after buying an additional 4,420 shares during the period. Mount Yale Investment Advisors LLC purchased a new stake in Upland Software during the first quarter worth approximately $136,000. EAM Global Investors LLC grew its stake in Upland Software by 17.9% during the first quarter. EAM Global Investors LLC now owns 41,113 shares of the software maker’s stock worth $1,184,000 after buying an additional 6,228 shares during the period. Quadrature Capital Ltd purchased a new stake in Upland Software during the fourth quarter worth approximately $221,000. Finally, Martingale Asset Management L P grew its stake in Upland Software by 58.1% during the fourth quarter. Martingale Asset Management L P now owns 33,210 shares of the software maker’s stock worth $720,000 after buying an additional 12,208 shares during the period. Institutional investors own 49.98% of the company’s stock.
Upland Software Company Profile
Upland Software, Inc provides cloud-based enterprise work management software in the United States, Canada, and internationally. The company offers a family of software applications under the Upland brand in the areas of information technology (IT), process excellence and operations, finance, professional services, and marketing.
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